The thermal inkjet inks market is anticipated to flourish at an average CAGR of 5.1% between 2023 and 2033. The market is expected to hold a market share of USD 1.99 billion by 2033, while the market is likely to reach a value of USD 1.21 billion in 2023.
The demand for thermal inkjet printers is escalating since they are broadly used because of their multiple applications across several end-user industries. Thermal inkjet inks are a printing material in thermal inkjet printers; they have superior adhesion properties, sharpness, and rub resistance.
| Attributes | Details |
|---|---|
| Thermal Inkjet Inks Market CAGR (2023 to 2033) | 5.1% |
| Thermal Inkjet Inks Market Size (2023) | USD 1.21 billion |
| Thermal Inkjet Inks Market Size (2033) | USD 1.99 billion |
Thermal inkjet technology is printers often referred to as bubble jet printers. These printers use thermal energy or electricity to heat ink and apply it to a given source. Sales of thermal inkjet inks may soar as they render a cheaper alternative for high-speed printing and can print on a variety of surfaces.
Such features make them suitable for printing labels, barcodes, and receipts. Thermal inkjet inks are heated up to 300 degrees centigrade, and the heated ink transforms into a consistent solution, which is ejected via a thing nozzle. Nonetheless, while one ink gets heated, the other remains at room temperature. Therefore, inks could get clogged in the printers, and this might impact the printing efficacy. Clogging of the inks hinders the printing speed, results in wastage of the ink, and reduces printing efficiency.
The thermal inkjet inks market is likely to witness considerable growth during the forecast period owing to factors such as these inks are water resistant and fade resistant and, therefore, can stay for a prolonged period compared to other inks. The majority of the primary thermal inkjet ink manufacturers generate UV fluorescing thermal inkjet inks, and they fluoresce in black light and are colorless in white light. These features of thermal inkjet ink are improving its preference among printing manufacturers globally.
What are the Key Trends Driving Sales of Thermal Inkjet Inks?
North America recorded a 31% market share in the global thermal inkjet inks market in 2022. Several factors contribute to the market's growth in this region, such as the frantic lifestyles of consumers. There is a growing demand for ready-to-eat foods, which results in increasing on-the-go food consumption habits. This results in the packaging industry's expansion of thermal inkjet inks.
The surging need for printing inks from several industries, such as publishing, packaging, and textiles, continues to be in demand. Also, the invention of novel printing ink applications like screen printing, digital orienting, and specialty printing is anticipated to promote the growth of the North American thermal inkjet market.
Europe's thermal inkjet inks market held a steady 22% market share in the global market in 2022. Swift growth in the advertisement industry, along with the growing need for enhanced printing with higher resolution and in a cost-effective manner, is predicted to promote the growth of the European market during the forecast years. The growing global packaging industry, coupled with swift operating speeds rendered by thermal inkjet printers, is likely to fuel the growth of thermal inkjet inks for the packaging industry. Also, the European market is quite fragmented, with significant local and regional players rendering several solutions for companies investing in the market arena.
Thermal inkjet printers are globally considered cost-efficient; therefore, several new market entrants are vouching to invest in this industry and compete with the existing players. Manufacturers stay invested in advanced technology to outperform their competitors. Thermal inkjet printing continues to generate a potential area of development for inkjet technology. Moreover, despite technological advancements, these printers are comparatively priced lower than other marking and coding technology. With further developments on improving overall ink systems for economic and environmental efficacy, market players strive to make a better and simpler coding and marking experience.
Key Players
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Substrate Type, 2018 to 2033
Table 4: Global Market Volume (Units) Forecast by Substrate Type, 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 6: Global Market Volume (Units) Forecast by End User, 2018 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 8: North America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 9: North America Market Value (US$ Million) Forecast by Substrate Type, 2018 to 2033
Table 10: North America Market Volume (Units) Forecast by Substrate Type, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 12: North America Market Volume (Units) Forecast by End User, 2018 to 2033
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 15: Latin America Market Value (US$ Million) Forecast by Substrate Type, 2018 to 2033
Table 16: Latin America Market Volume (Units) Forecast by Substrate Type, 2018 to 2033
Table 17: Latin America Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 18: Latin America Market Volume (Units) Forecast by End User, 2018 to 2033
Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 20: Western Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 21: Western Europe Market Value (US$ Million) Forecast by Substrate Type, 2018 to 2033
Table 22: Western Europe Market Volume (Units) Forecast by Substrate Type, 2018 to 2033
Table 23: Western Europe Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 24: Western Europe Market Volume (Units) Forecast by End User, 2018 to 2033
Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: Eastern Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 27: Eastern Europe Market Value (US$ Million) Forecast by Substrate Type, 2018 to 2033
Table 28: Eastern Europe Market Volume (Units) Forecast by Substrate Type, 2018 to 2033
Table 29: Eastern Europe Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 30: Eastern Europe Market Volume (Units) Forecast by End User, 2018 to 2033
Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 32: South Asia and Pacific Market Volume (Units) Forecast by Country, 2018 to 2033
Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by Substrate Type, 2018 to 2033
Table 34: South Asia and Pacific Market Volume (Units) Forecast by Substrate Type, 2018 to 2033
Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 36: South Asia and Pacific Market Volume (Units) Forecast by End User, 2018 to 2033
Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 38: East Asia Market Volume (Units) Forecast by Country, 2018 to 2033
Table 39: East Asia Market Value (US$ Million) Forecast by Substrate Type, 2018 to 2033
Table 40: East Asia Market Volume (Units) Forecast by Substrate Type, 2018 to 2033
Table 41: East Asia Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 42: East Asia Market Volume (Units) Forecast by End User, 2018 to 2033
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 44: Middle East and Africa Market Volume (Units) Forecast by Country, 2018 to 2033
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Substrate Type, 2018 to 2033
Table 46: Middle East and Africa Market Volume (Units) Forecast by Substrate Type, 2018 to 2033
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 48: Middle East and Africa Market Volume (Units) Forecast by End User, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Substrate Type, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by End User, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 5: Global Market Volume (Units) Analysis by Region, 2018 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by Substrate Type, 2018 to 2033
Figure 9: Global Market Volume (Units) Analysis by Substrate Type, 2018 to 2033
Figure 10: Global Market Value Share (%) and BPS Analysis by Substrate Type, 2023 to 2033
Figure 11: Global Market Y-o-Y Growth (%) Projections by Substrate Type, 2023 to 2033
Figure 12: Global Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 13: Global Market Volume (Units) Analysis by End User, 2018 to 2033
Figure 14: Global Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 15: Global Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 16: Global Market Attractiveness by Substrate Type, 2023 to 2033
Figure 17: Global Market Attractiveness by End User, 2023 to 2033
Figure 18: Global Market Attractiveness by Region, 2023 to 2033
Figure 19: North America Market Value (US$ Million) by Substrate Type, 2023 to 2033
Figure 20: North America Market Value (US$ Million) by End User, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 23: North America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 26: North America Market Value (US$ Million) Analysis by Substrate Type, 2018 to 2033
Figure 27: North America Market Volume (Units) Analysis by Substrate Type, 2018 to 2033
Figure 28: North America Market Value Share (%) and BPS Analysis by Substrate Type, 2023 to 2033
Figure 29: North America Market Y-o-Y Growth (%) Projections by Substrate Type, 2023 to 2033
Figure 30: North America Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 31: North America Market Volume (Units) Analysis by End User, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 34: North America Market Attractiveness by Substrate Type, 2023 to 2033
Figure 35: North America Market Attractiveness by End User, 2023 to 2033
Figure 36: North America Market Attractiveness by Country, 2023 to 2033
Figure 37: Latin America Market Value (US$ Million) by Substrate Type, 2023 to 2033
Figure 38: Latin America Market Value (US$ Million) by End User, 2023 to 2033
Figure 39: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) Analysis by Substrate Type, 2018 to 2033
Figure 45: Latin America Market Volume (Units) Analysis by Substrate Type, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Substrate Type, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Substrate Type, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 49: Latin America Market Volume (Units) Analysis by End User, 2018 to 2033
Figure 50: Latin America Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 52: Latin America Market Attractiveness by Substrate Type, 2023 to 2033
Figure 53: Latin America Market Attractiveness by End User, 2023 to 2033
Figure 54: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 55: Western Europe Market Value (US$ Million) by Substrate Type, 2023 to 2033
Figure 56: Western Europe Market Value (US$ Million) by End User, 2023 to 2033
Figure 57: Western Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 59: Western Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 62: Western Europe Market Value (US$ Million) Analysis by Substrate Type, 2018 to 2033
Figure 63: Western Europe Market Volume (Units) Analysis by Substrate Type, 2018 to 2033
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Substrate Type, 2023 to 2033
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Substrate Type, 2023 to 2033
Figure 66: Western Europe Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 67: Western Europe Market Volume (Units) Analysis by End User, 2018 to 2033
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 70: Western Europe Market Attractiveness by Substrate Type, 2023 to 2033
Figure 71: Western Europe Market Attractiveness by End User, 2023 to 2033
Figure 72: Western Europe Market Attractiveness by Country, 2023 to 2033
Figure 73: Eastern Europe Market Value (US$ Million) by Substrate Type, 2023 to 2033
Figure 74: Eastern Europe Market Value (US$ Million) by End User, 2023 to 2033
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 77: Eastern Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Substrate Type, 2018 to 2033
Figure 81: Eastern Europe Market Volume (Units) Analysis by Substrate Type, 2018 to 2033
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Substrate Type, 2023 to 2033
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Substrate Type, 2023 to 2033
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 85: Eastern Europe Market Volume (Units) Analysis by End User, 2018 to 2033
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 88: Eastern Europe Market Attractiveness by Substrate Type, 2023 to 2033
Figure 89: Eastern Europe Market Attractiveness by End User, 2023 to 2033
Figure 90: Eastern Europe Market Attractiveness by Country, 2023 to 2033
Figure 91: South Asia and Pacific Market Value (US$ Million) by Substrate Type, 2023 to 2033
Figure 92: South Asia and Pacific Market Value (US$ Million) by End User, 2023 to 2033
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 95: South Asia and Pacific Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Substrate Type, 2018 to 2033
Figure 99: South Asia and Pacific Market Volume (Units) Analysis by Substrate Type, 2018 to 2033
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Substrate Type, 2023 to 2033
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Substrate Type, 2023 to 2033
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 103: South Asia and Pacific Market Volume (Units) Analysis by End User, 2018 to 2033
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 106: South Asia and Pacific Market Attractiveness by Substrate Type, 2023 to 2033
Figure 107: South Asia and Pacific Market Attractiveness by End User, 2023 to 2033
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033
Figure 109: East Asia Market Value (US$ Million) by Substrate Type, 2023 to 2033
Figure 110: East Asia Market Value (US$ Million) by End User, 2023 to 2033
Figure 111: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 113: East Asia Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 116: East Asia Market Value (US$ Million) Analysis by Substrate Type, 2018 to 2033
Figure 117: East Asia Market Volume (Units) Analysis by Substrate Type, 2018 to 2033
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Substrate Type, 2023 to 2033
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Substrate Type, 2023 to 2033
Figure 120: East Asia Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 121: East Asia Market Volume (Units) Analysis by End User, 2018 to 2033
Figure 122: East Asia Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 124: East Asia Market Attractiveness by Substrate Type, 2023 to 2033
Figure 125: East Asia Market Attractiveness by End User, 2023 to 2033
Figure 126: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 127: Middle East and Africa Market Value (US$ Million) by Substrate Type, 2023 to 2033
Figure 128: Middle East and Africa Market Value (US$ Million) by End User, 2023 to 2033
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 131: Middle East and Africa Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Substrate Type, 2018 to 2033
Figure 135: Middle East and Africa Market Volume (Units) Analysis by Substrate Type, 2018 to 2033
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Substrate Type, 2023 to 2033
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Substrate Type, 2023 to 2033
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 139: Middle East and Africa Market Volume (Units) Analysis by End User, 2018 to 2033
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 142: Middle East and Africa Market Attractiveness by Substrate Type, 2023 to 2033
Figure 143: Middle East and Africa Market Attractiveness by End User, 2023 to 2033
Figure 144: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
The market is valued at USD 1.21 billion in 2023.
Videojet Technologies, Inc., Mylan Group, and Rex-Tone Industries Ltd are key players.
The market may reach USD 1.99 billion by 2033.
North America accounted for 31% of market share in 2022.
High speed and high-quality printing option may transform the market.
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Thermal Inkjet Inks Market
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